RFI remains committed to advancing responsible finance & equipping financial institutions in Islamic markets with essential tools. The expanded Financed Emissions Database provides data to form a deeper understanding of the role that finance plays in economy-wide emissions risk.
The enhanced Financed Emissions Database facilitates a nuanced exploration of greenhouse gas emissions indicators derived from financial institutions' portfolios in six #GCC nations, #Malaysia, #Indonesia, #Türkiye, #Pakistan, and #Bangladesh. https://t.co/4QrbD1Y7tW
The full story of climate data for financial institutions isn’t just the numbers. Commentary on the evolving landscape of emissions data by @NGFS_ and how to read beneath the numbers. #ClimateData#ClimateRisk#ResponsibleFinance#NetZero https://t.co/s2y0Irm1qk
At the heart of the #SB60 climate talks in Bonn is a big document that everyone hopes will form the basis for a new goal on climate finance.
Right now it's a mess because it's full of countries' divergent views on what that will look like. Quick 🧵 on some of those views...
Research published at the start of COP28 found that climate finance globally is concentrated in developed countries and China."
https://t.co/ai9Oe6z7nm
"While all countries will need to cut greenhouse gas emissions if the world is to limit global warming, many of the poorest are struggling with ever-stretched budgets and a global private sector reluctant to invest in emerging and developing economies. [quote continues]
As #TransitionFinance develops, it strikes me that there hasn't become a go-to example that defines the category, let alone what would be required for it to incorporate characteristics of a #JustTransition. With green finance, it's "solar". What is the transition equivalent?
Latest newsletter article from RFI: Banks in the #GCC region are tackling #ClimateTransition risk, but it remains a ‘work-in-progress’ https://t.co/5kxOm9uxLj
Link to subscribe to our newsletter at the bottom of the article. #ResponsibleFinance#ClimateRisk
Transition finance has grown in adoption even as sustainability linked financing has slowed. Its commonalities with 'use of proceeds' finance make it a potentially more effective tool especially for #EmergingMarkets and #DevelopingEconomies. https://t.co/MwSudujvBz
An overview of an important contribution to understanding climate-related financial risks in the #MiddleEast#NorthAfrica and #CentralAsia, and for finding opportunities for the financial sector to build its #JustTransition capabilities @RFIFoundation
https://t.co/5cDPnC4XHt
Wonderful photo. An important reminder of the importance of #GlobalChoices work for a 10 year moratorium to protect the Central Arctic Ice from exploitation. @GCArcticAngels https://t.co/vPU5Zuvk1C
There needs to be a redoubled effort to drive finance in the direction of alignment with the transition. International private #climatefinance will need to rise by 15 times from current levels. #ResponsibleFinance https://t.co/EzkOWknTil
There's been a considerable effort put into improving guidance relating to #ResponsibleFinance and promoting alignment around baseline standards. @RFIFoundation commented on a two that are particularly important for financial sector stakeholders in #OIC markets & #IslamicFinance
RFI provided detailed comment on two pivotal exposure drafts which we believe will improve the consistency, comparability and usefulness of the guidance for stakeholders of banks in #OIC markets, including #IslamicBanks. https://t.co/kLZc0YObbQ
@get15rock Could reflect ESG risk aversion, but challenging to see investment in #TransitionFinance if this can't be overcome. One thing we found was that #IslamicFinance screens can help investors pick & choose as they investigate lower #ESG scoring companies.
https://t.co/91IkKLG1b5
Following the conclusion of #COP28 last year, #OIC financial institutions should focus on how the final declaration points towards key risks and opportunities arising from #ClimateTransition risks & their role in the #EnergyTransition. #ResponsibleFinance https://t.co/8nBkInGThP
RFI has been part of the #BC100plus Steering Group since inception and we look forward to learning more about signatories through the podcast. Find out more below or at https://t.co/Qlw2EBs7Cl!
At #COP28 Dubai, BxC @Ripple@SolanaFndn@filecoingreen@regen_network and @GBBCouncil gathered a group of incredible voices to discuss in-market solutions to scaling climate finance with web3 technology.
You'll see some familiar faces here - enjoy!
https://t.co/RpyuhptPPl